The Shift to Cashless: Mobile Payments in Asia

This chapter explores the rapid adoption of digital payment methods in China and other Asian countries, showcasing the replacement of cash and ATMs in everyday transactions. Through personal anecdotes, it highlights the cultural shift in banking among younger generations, many of whom are unfamiliar with traditional cash handling. The discussion also addresses the implications of declining ATM usage and the challenges this shift presents, particularly for older generations and rural communities.